Residential Building In Agios Theodoros, Pafos, Paphos

Description

For sale Apartment Hotel Building for sale in Paphos

The Apart Hotel is located in the center of Paphos within walking distance from amenities and facilities such as shopping centers,tourist activities,historical sights,beaches,bus stops etc.

Less than 25 minutes drive to the airport.

The building consists of 11 apartments of 5 types:

(3 studio,1 combi studio,2 big studio,3-1 bedroom,2-2 bedroom)

The cloud system property management service (PMS) fully implements the idea of Apart Hotel without permanent staff.

PMS fully automatically controls and distributes direct booking,online booking system,accounting,maid service,online reception,
payments,meals on request, Automated access in properties via security code.

High reviews and high return on income!!!!!!!!!!!

Low cost running business.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Property Label: Investment Property
* Location: Paphos, Pafos, Cyprus
* Internal Area: 399sqm
* Covered Verandas: 31sqm
* Uncovered Verandas: 44sqm
* Price: €1,300,000
* VAT: N/A
* Loan Installment: €6,372

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:

Assumptions:

Closing Price: €1,300,000

Own Contribution (30%): €390,000

Loan Amount (70%): €910,000

Interest rate: 3.2%

Years of repayment: 15 years